Suzlon EnergyNSE 9.89 % has told its lenders that Canadian investor Brookfield is keen to acquire majority stake in it, which would help the cash-strapped renewable energy company settle its loans if the lenders were to...
Spain’s Repsol cuts 30% of Canadian staff in global restructuring
Spanish energy company Repsol SA is cutting about 30% of its Canadian workforce as part of global restructuring, the company said in an emailed statement on Tuesday. Repsol joins a string of large international energy...
US-based GIP in talks to buy Engie’s Indian solar power business
American investor Global Infrastructure Partners (GIP) is in talks to buy the Indian solar power business of French energy firm Engie SA in a deal potentially worth around $500 million, a person aware of the development...
Adani Green Energy promoters to sell stake worth ₹400 cr via OFS
Adani Group’s renewable energy company Adani Green Energy Ltd on Tuesday said its promoters led by Gautam Adani will sell a 5.98% stake in the company through an offer for sale (OFS). The stake sales are being planned...
Shell, Statkraft join race for Continuum
Global energy major Royal Dutch Shell and Norway’s state utility Statkraft have joined the race to buy Morgan Stanley Infrastructure Partners-owned wind energy platform Continuum Wind Energy, two people aware of the...
France’s Voltalia in exclusive talks to buy Helexia
French renewables firm Voltalia is in exclusive talks to buy Helexia to expand in solar energy and energy efficiency services, Voltalia said on Thursday. As Helexia is owned by the Mulliez family via Creadev, which is...
Uniper signals little progress with Fortum on M&A deadlock
Uniper signaled on Wednesday little prospect of a rapid breakthrough in talks with top investor Fortum that might lead to a full takeover of the German utility. Fortum and Uniper have been at loggerheads since the...
Lenders of VOVL appoint Deloitte to find buyers for its overseas assets
Lenders to Videocon group’s energy business have hired Deloitte India to find a buyer for its assets in Brazil, Indonesia and East Timor, two persons aware of the development said. The investment banking arm of Deloitte...
Total CEO says planned buy of Anadarko’s Africa assets ‘perfectly fitting’
French energy giant Total SA’s planned acquisition of U.S. firm Anadarko’s African assets is “perfectly fitting” with the company’s overall strategy and helps play to its strengths, Chief Executive Patrick Pouyanne said...
ExxonMobil, GAIL gear up for India green joint venture
ExxonMobil Corp., the world’s most valuable energy company, may shortly form a partnership with state-owned GAIL (India) Ltd to set up a green energy platform in India. The US oil major’s increasing focus on India is an...
UK Climate Investments invests ₹275 crore in CleanMax Solar
CleanMax Solar, which provides renewable energy to companies, on Tuesday said that it has raised ₹275 crore in equity funding from UK Climate Investments LLP (UKCI). UKCI is a joint venture between the Green Investment...
Canada’s Brookfield looks to acquire Mytrah Energy
Canada’s Brookfield Asset Management Inc. is in talks to buy a majority stake in Hyderabad-based Mytrah Energy as the alternative assets manager looks to make its first renewable investment of more than $1 billion in...
